popularity of wood plastic composite global

1 day ago According to Technavio market research analysts, the global wood-plastic composites market will grow at a CAGR of almost 12% during the forecast period. The compliance pressure is a major factor driving the market's growth. The high cost of WPCs is a lesser worry than their environmental footprint. 【Get Price】

Mergers, acquisitions, and partnerships are likely to surface as the most popular strategies among participants looking to expand their reach across various regions, notes in the study. As per TMR's estimations, the global market for wood-plastic composites was US$2.6 bn in 2012. Analysts anticipate the market to expand at 【Get Price】

This growth is driven by the increasing demand from the building & construction application and growing demand for recyclable material in automobile industry. Polyethylene is largest wood-plastic composite type, capturing more than half of the total global wood-plastic composite market share in 2015 among type 【Get Price】

Better recyclability, thermal stability, and stiffness offered by the wood plastic composites are expected to open new avenues for the industry growth over the next Decking application dominates the global wood plastic market accounting over 80% of the total wood plastic demand in building and construction application. 【Get Price】

The global market for wood-plastic composites (WPCs), cellulosic plastics, plastic lumber and natural fiber composites was valued at 2.8 million metric tons in 2013. This market is expected to increase from nearly 3.1 million metric tons in 2014 to 5.6 million metric tons in 2019, at a compound annual growth rate (CAGR) of 【Get Price】

The important driver increasing growth in the global wood-plastic composites market is the growing demand from building and construction applications and increasing demand for recyclable materials in the automotive industry. Though construction industry was affected by the overall global economic slowdown in 【Get Price】

Nov 20, 2017 Increasing research and development investments is also expected to supplement growth for Wood Plastic Composite Market globally. Superior characteristics such as recyclability, thermal stability, and stiffness will ensure higher demand for Wood Plastic Composites in the forecasted period. One of the 【Get Price】

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